70,152 Shares in Comcast Co. (CMCSA) Purchased by W.E. Donoghue & Co. LLC
W.E. Donoghue & Co. LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 70,152 shares of the cable giant’s stock, valued at approximately $2,484,000.
Several other institutional investors have also bought and sold shares of the company. Summit Trail Advisors LLC increased its stake in Comcast by 20.9% during the first quarter. Summit Trail Advisors LLC now owns 202,113 shares of the cable giant’s stock valued at $3,982,000 after acquiring an additional 34,974 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Comcast during the first quarter valued at about $218,000. New England Research & Management Inc. bought a new position in Comcast during the second quarter valued at about $218,000. Capital Insight Partners LLC grew its stake in shares of Comcast by 4.5% in the 2nd quarter. Capital Insight Partners LLC now owns 38,798 shares of the cable giant’s stock valued at $1,273,000 after purchasing an additional 1,661 shares during the period. Finally, Cardinal Capital Management Inc. grew its stake in shares of Comcast by 12.4% in the 2nd quarter. Cardinal Capital Management Inc. now owns 465,105 shares of the cable giant’s stock valued at $15,260,000 after purchasing an additional 51,325 shares during the period. Institutional investors and hedge funds own 80.39% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by insiders.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. On average, sell-side analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.
Several equities research analysts have recently weighed in on CMCSA shares. Credit Suisse Group started coverage on Comcast in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price objective on the stock. Raymond James upgraded Comcast from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 19th. Pivotal Research reiterated a “buy” rating and issued a $48.00 price objective on shares of Comcast in a research note on Monday, July 30th. Robert W. Baird lowered their price objective on Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Finally, Atlantic Securities upgraded Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.64.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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